Urea fell to 355 USD/T on December 1, 2025, down 2.07% from the previous day. Over the past month, Urea's price has fallen 11.47%, but it is still 13.87% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Urea.

The price of urea stood at 358 U.S. dollars per metric ton in 2023, the highest value in the period investigated. The price of this commodity was forecast to decrease in the following year, to then drop annually to amount to 325 dollars per ton in 2025.

Urea prices in China fell from $360/T in Dec 2023 to $255/T in Dec 2024. Get 2025 forecast, trends & insights from Expert Market Research.

Get the latest insights on price movement and trend analysis of Urea in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The global urea market size was USD 98.9 billion in 2024 & is projected to grow from USD 103.2 billion in 2025 to USD 154.1 billion by 2033.
Report Scope:

The Industrial Grade Urea Market Report is Segmented by Grade (Fertilizer Grade, Technical Grade, and Feed Grade), End-User Industry (Agriculture, Chemical, Automotive, Medical, and Other End-User Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Market Forecasts are Provided in Terms of Volume (Tons)

The global urea market reached a volume of 177.21 MMT in 2024. It is expected to grow at a CAGR of 0.90% between 2025 and 2034 driven by the growing demand as a fertiliser from the agriculture sector. The market is expected to reach a volume of 193.82 MMT in 2034.

In Q3 2025, North America, the Urea Price Index fell by 4.9% quarter-over-quarter, reflecting demand weakness, ample supply. Check detailed insights for Europe, MEA, South America and APAC.

The Urea Market Report Segments the Industry Into Speciality Type (CRF, Liquid Fertilizer, SRF, and Water Soluble), Crop Type (Field Crops, Horticultural Crops, and Turf & Ornamental), Form (Conventional and Speciality), and Region (Asia-Pacific, Europe, Middle East & Africa, North America, and South America). The Market Size is Provided in Terms of Value(USD) and Volume(Metric Tons).

In 2024, the U.S. urea market decreased by -8.5% to $3.7B, falling for the second year in a row after two years of growth. Overall, consumption, however, continues to indicate a noticeable reduction. Urea consumption peaked at $6B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

The global urea market size reached USD 52.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 60.2 Billion by 2033, exhibiting a growth rate (CAGR) of 1.5% during 2025-2033. The establishment of new urea production facilities and collaborations among industry players, are driving the market growth. The market is further driven by increasing agricultural demand for nitrogen-based fertilizers, growing food demand necessitating higher crop yields, ongoing advancements in urea production technology, steadily increasing product applications across industries, and favorable government policies.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on grade, application, and end-use industry.

This statistic displays a forecast of total global demand for urea fertilizer from 2014 to 2024. In 2024, the demand for urea fertilizers is expected to reach *** million metric tons. Increasing crop prices lead to increased fertilizer demands and has been especially noted in recent years in South Asia. Favorable weather also increases demand for fertilizers in major agricultural regions.

The global Urea market has grown significantly in the past years to reach approximately 180 million tonnes in 2024 and is expected to grow at a steady CAGR of 3.97% during the forecast period until 2035.

According to Cognitive Market Research, the global Urea market size will be USD 81,624.6 million in 2025. It will expand at a compound annual growth rate (CAGR) of 4.00% from 2025 to 2033.

North America held the major market share for around 37% of the global revenue with a market size of USD 30,201.10 million in 2025 and will grow at a compound annual growth rate (CAGR) of 1.8% from 2025 to 2033.
Europe accounted for a market share of nearly 29% of the global revenue with a market size of USD 23,671.13 million and will grow at a compound annual growth rate (CAGR) of 2.3% from 2025 to 2033.
Asia Pacific held a market share of around 24% of the global revenue with a market size of USD 19,589.90 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2025 to 2033.
South America had a market share of approximately 3.8% of the global revenue with a market size of USD 3,101.73 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2025 to 2033.
Middle East held a market share of nearly 4.00% of the global revenue and was estimated at a market size of USD 3,264.98 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.3% from 2025 to 2033.
Africa had a market share of around 2.20% of the global revenue and was estimated at a market size of USD 1,795.74 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2025 to 2033.
Granular urea category is the fastest growing segment of the Urea industry

Market Dynamics of Urea Market

Key Drivers for Urea Market

Rising Global Population Driving Demand for Urea Fertilizers

The steady increase in the global population, which is placing significant pressure on the agriculture sector to boost food production. According to recent projections by the United Nations, the world population is expected to reach approximately 8.5 billion by 2030, 9.7 billion by 2050, and over 10 billion by the end of this century. This surge in population is directly increasing the global demand for food, which, in turn, is driving the need for more efficient agricultural practices. Urea, as one of the most widely used nitrogen-based fertilizers, plays a vital role in enhancing soil fertility and improving crop yields. Its cost-effectiveness, ease of application, and ability to support high-output farming make it an essential input for farmers worldwide. As arable land becomes increasingly limited and the pressure to maximize productivity rises, the role of urea in sustaining food supply becomes more critical, thereby fueling consistent growth in the global urea market.

https://population.un.org/dataportal/home?df=d81f2da9-00aa-4009-af0d-4934c38dcdb3

Government Support and Subsidies Encouraging Fertilizer Usage

Government initiatives and subsidies aimed at increasing agricultural productivity are bolstering the urea market. Many countries, especially in Asia-Pacific and Africa, offer financial incentives and subsidies on fertilizers to support farmers and improve food security. These efforts lower the cost burden on end-users and increase the accessibility and adoption of urea across small and large farming operations. Additionally, public sector investments in urea manufacturing facilities and partnerships with private producers further boost local production. As global governments continue to prioritize food sustainability and rural development, such policy-driven support plays a pivotal role in propelling the urea market forward.

Restraint Factor for the Urea Market

Volatile Raw Material Costs and High Production Expenses Hamper Market Growth

The urea market is highly sensitive to fluctuations in the prices of raw materials such as natural gas, which is a key input in urea production. Global disruptions ranging from geopolitical tensions to energy supply shortages can lead to significant increases in natural gas prices, thereby elevating the cost of urea manufacturing. This volatility affects both producers and end-users, as increased production expenses may result in higher market prices or reduced profitability. Additionally, energy-intensive production methods further strain margins in regions with high power costs. These economic pressures can hinder expansion and discourage investments, posing a restraint to consistent market growth.

Key trends to Urea Market

Change to Specialty Controlled/Slow-Release Urea Varieties coated with...

The Omani urea market surged to $535M in 2024, picking up by 19% against the previous year. Over the period under review, consumption showed a significant expansion. Over the period under review, the market reached the peak level in 2024 and is expected to retain growth in the near future.

Forecast: Urea Market Size Value in Italy 2022 - 2026 Discover more data with ReportLinker!

Technical Urea Market Outlook

The global technical urea market size is projected to grow from USD 5.6 billion in 2023 to USD 8.2 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.4% during the forecast period. This growth is primarily driven by the increasing demand for urea in diverse industrial applications, particularly in the agriculture and automotive sectors. The market is witnessing significant expansion due to the rising global population and the corresponding increase in food demand, which necessitates enhanced agricultural productivity. Furthermore, the automotive industry's shift towards reducing emissions through the use of urea-based solutions is another pivotal growth factor.

One of the primary growth factors of the technical urea market is its extensive application in agriculture as a key nitrogen-releasing fertilizer. With the global population surging, the demand for food is escalating, which in turn drives the need for effective fertilizers. Urea, being a cost-effective and efficient nitrogen source, is extensively used to enhance crop yields. Additionally, advancements in farming techniques and the adoption of precision agriculture further fuel the demand for high-quality fertilizers, thereby bolstering the technical urea market. Governments and agricultural bodies worldwide are also emphasizing sustainable farming practices, which are likely to augment the demand for urea in the coming years.

In the automotive industry, technical urea plays a crucial role in emission control systems, particularly in diesel engines. The automotive sector is undergoing a significant transformation with stringent environmental regulations being enforced across the globe to curb emissions. Urea is utilized in selective catalytic reduction (SCR) systems to reduce nitrogen oxide emissions from diesel vehicles. This has driven substantial demand for technical grade urea, as manufacturers and consumers alike strive for compliance with environmental standards. As the global focus on reducing carbon footprints intensifies, the adoption of urea-based solutions in the automotive industry is anticipated to grow, providing a robust impetus to the market.

The chemical industry also represents a significant avenue for the growth of the technical urea market. Urea is a fundamental feedstock for the production of various chemicals, including resins, adhesives, and pharmaceuticals. The ongoing industrialization and urbanization across developing countries are enhancing the demand for these chemicals, thereby propelling the demand for urea. Furthermore, research and development activities aimed at discovering new applications of urea, such as in bio-based chemical production, are likely to open up new growth opportunities for the market. The versatility of urea as a chemical feedstock ensures its continued demand across several industrial sectors.

Urea Strippers are a critical component in the urea production process, particularly in the synthesis and purification stages. These devices are used to remove unreacted ammonia and carbon dioxide from the urea solution, ensuring the purity and quality of the final product. The efficiency of urea strippers directly impacts the overall production cost and environmental footprint of urea manufacturing plants. With advancements in technology, modern urea strippers are designed to enhance energy efficiency and reduce emissions, aligning with the industry's shift towards sustainable practices. As the demand for urea continues to rise, the role of urea strippers in optimizing production processes becomes increasingly vital, offering significant opportunities for innovation and improvement in the technical urea market.

Regionally, the Asia Pacific holds a dominant position in the technical urea market, driven by the region's burgeoning agricultural sector and the rapid industrialization in countries such as China and India. The demand for urea in agriculture to ensure food security for the large population base is a significant growth driver. Moreover, the automotive industry's expansion in this region, coupled with increasing regulatory pressures to adopt emission-reducing technologies, further augments the market growth. North America and Europe are also significant markets, with substantial investments in sustainable agriculture and emission control technologies. The technical urea market in these regions is expected to witness steady growth, supported by innovative applications and stringent environmental regulations.

Grade

In 2024, the Ecuadorian urea market decreased by -18.6% to $116M, falling for the second year in a row after three years of growth. In general, consumption, however, saw a slight descent. Urea consumption peaked at $144M in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

In 2024, the UK urea market decreased by -20.1% to $418M, falling for the second consecutive year after two years of growth. Overall, consumption, however, enjoyed mild growth. As a result, consumption reached the peak level of $1.1B. From 2023 to 2024, the growth of the market remained at a lower figure.

Market Research Intellect's Urea Market Report highlights a valuation of USD 60.5 billion in 2024 and anticipates growth to USD 79.2 billion by 2033, with a CAGR of 3.8% from 2026-2033.Explore insights on demand dynamics, innovation pipelines, and competitive landscapes.